[EIA Short-Term Energy Outlook Report: Strait of Hormuz Expected to Remain Closed Until Late May, Gradual Resumption of Navigation in June] Odaily Planet Daily News - The EIA Short-Term Energy Outlook Report states that the Strait of Hormuz is expected to remain closed until the end of May, with a gradual resumption of navigation in June, and is projected to return to pre-conflict levels by late 2026. Global oil demand is expected to reach 104.2 million barrels per day in 2026, down from the previous forecast of 104.6 million barrels per day; demand in 2027 is projected to be 105.6 million barrels per day, down from the previous forecast of 106.2 million barrels per day. (Jin10)